Uniswap Breaks Out Above Long-Term Trendline, Targets $42.49

Uniswap ($UNI) has shattered its multi-year downtrend, breaking above a long-term descending trendline and signaling a shift from accumulation to expansion in market momentum. The price surge is fueled by the introduction of a new governance proposal that activates protocol fees. This move, coupled with technical indicators, suggests a potential breakout target of $42.49.